Ford expects 'significant' second-quarter loss in South America

June 4 (Reuters) - Ford Motor Co said it expected to
incur a "significant" loss in South America in the current
quarter mainly due to low sales volumes and changes to
Venezuela's foreign exchange rate.

The company is also expected to report a bigger loss in
South America in 2014, Joe Hinrichs, executive vice-president,
said on Wednesday. (link.reuters.com/pyf89v)

The No. 2 U.S. automaker's loss in South America
deteriorated to $510 million in the first quarter ended March
31, from $218 million last year due to the currency devaluation
in Venezuela and Argentina.

The Venezuelan government in March opened a new currency
platform meant to boost access to dollars.

Ford's operations in Venezuela were disrupted last month due
to a lack of foreign currency to import parts for assembly.
(Reporting by Rohit T. K. in Bangalore; Editing by Maju Samuel)